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2023-08-08
Basic Salary and Minimum Wage: Differences and Their Important Role
In Vietnam's salary system, both the basic salary and minimum wage play a crucial role in determining the earnings of workers and employees. This article will focus on the differences between these two types of wages and their significance in the current salary structure in Vietnam. What is the Basic Salary? [caption id="attachment_1855" align="alignnone" width="1498"] What is basic salary?[/caption] The...
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2023-06-29
What is a piece wage? The information about piece wage you need to know
Today, instead of paying a fixed monthly salary, businesses often choose to pay a piece wage to improve work productivity. The following article will bring you the most useful information about this form of payment. What is a piece wage? [caption id="attachment_1660" align="alignnone" width="1000"] Piece wage is one of the most popular forms of salary payment today.[/caption] Piece wage is understood...
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2022-11-11
#Youmustknow: Salary computation and payment
Salary and the important role of salary computation Salary is established on the basis of the worth of labor power through an agreement between the business and the employer, and is regulated by economic rules such as supply and demand, value, etc. As a bridge between employees and businesses, firms must pay special attention when calculating and paying employees' salaries. This stage is directly...
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2022-07-28
Information security when selecting an outsourcing service provider
Human Resource Outsourcing is one of the methods that may help organizations streamline operational procedures, and it has numerous advantages over utilizing internal people, such as: - Process work swiftly and within the task processing time limit. - Save time and effort for the enterprise's leadership and internal workers. - Payroll accuracy is essential for guaranteeing work quality. But...
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2022-07-18
Concerns for determining overtime pay for employees
Some concerns that HR needs to know the mistakes to avoid in calculating and paying overtime wages to employees. So what is overtime and how is it calculated? Are there any salary regulations that employees should pay attention to? What is overtime pay? This is the cost that the company will have to pay for you when working overtime outside the working time frame prescribed by the business. Overtime...
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2022-07-08
Rapid salary calculation for companies with multiple workshifts
Struggle with shift and overtime management Managing shifts and overtime is a constant source of frustration for businesses, particularly those with complex shifts (such as retail, restaurants, services, ..). Managing several shifts in a single day is difficult, especially when employees can sign up for different shifts each week. They must also frequently request overtime, cancel shifts, and change...
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2022-06-13
Payroll Standardization – A fundamental need to grow your business
According to the EY Global Payroll Survey 2021, 67% of firms believe that standardizing the payroll process is critical for the long-term growth of their business. As a result, there are several inquiries about this topic, such as "How to standardize the pay calculating process?" Should companies systematize their payroll processes? Why should enterprises standardize their payroll processes? Salary...
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